Corporate Law

Corporate Law is also known and often called as Business law, Enterprise Law or Company law. Corporate law regulates the formation of Corporations and companies and their functions, duties, Law. Corporate law is meant for making the business easier.

In corporate law, a person has limited liabilities, it can be understood with this example that if you have invested a certain amount in the corporate or you have certain amount of shares. Your liability is limited to your shares or investment, it has nothing to do with your personal assets unless and until you specifically give personal guarantee.

Corporation is a legal entity, in other word it can be said that a company/corporation/organisation registered under this act is a legal person and it can sue other person/organisation/company in its own name and it can also be sued in its own name. Corporation/company/organisation registered under this act can also be shut down with due process of law.

Corporate law has defined the functions /appointment of Directors/ Board of Directors / Meetings (annual General Meetings/ General Meetings) Record of Minutes etc.

One important thing to remember is that Corporate Law is Civil Law is governed under the civil law. But officers/employees or other person may be held criminally responsible for any fraud or criminal act.

The lawyers at Legal Mates Law Firm handle all kinds of corporate law matter with expertise.

Labour Law

The body of law applied to such matters as employment, remuneration, conditions of work, trade unions, and industrial relations. In its most comprehensive sense, the term includes social security and disability insurance as well. Unlike the laws of contract, tort, or property, the elements of labour law are somewhat less homogeneous than the rules governing a particular legal relationship. In addition to the individual contractual relationships growing out of the traditional employment situation, labour law deals with the statutory requirements and collective relationships that are increasingly important in mass-production societies, the legal relationships between organized economic interests and the state, and the various rights and obligations related to some types of social services.

The general tendency in the modern development of labour law has been the strengthening of statutory requirements and collective contractual relations at the expense of rights and obligations created by individual employment relationships. How important these latter remain depends, of course, on the degree of personal freedom in the given society as well as the autonomy of both employer and worker allowed by the actual operation of the economy. In such matters as hours of work, health and safety conditions, or industrial relations, the statutory or collective elements may define most of the substance of the rights and obligations of the individual worker, while with respect to such things as the duration of his appointment, his level and extent of responsibility, or his place in the scale of remuneration, these elements may provide what is essentially a framework for individual agreement.

Areas Involving Labour Laws :-

• Individual employment relation
• wages and remuneration
• Health, Safety, and Welfare
• Social security
• Trade unions and industrial relations.